CBPM and Brazil Iron present Green Iron Project to local managers

With a total investment of US$ 5.7 billion in the state of Bahia, the Green Iron Project promises to be a milestone for the transformation of the steel industry. The project foresees the processing of iron ore, the construction of a 120 km railway branch and the installation of steel plants, with an expected generation of more than 55 thousand direct and indirect jobs.

In a meeting promoted by the Bahia Mineral Research Company (CBPM), mayors and councilors of the municipalities involved in the Green Iron Project were presented with the details of the project developed by the English company Brazil Iron, which combines technological innovation, sustainability and socioeconomic development.

The company has already invested R$ 1.7 billion in Bahia, an amount that is not included in the estimated capital for the project. In addition to the economic impact, the project positions the state as a national reference in the production of green steel and strengthens the sector’s production chain and contributes decisively to the decarbonization of the Brazilian steel industry.

For Brazil Iron’s Vice President of Institutional Relations, Emerson Souza, the detailed presentation of the Green Iron Project to local managers reinforces the company’s commitment to transparent relations.

“We believe that a successful project is built with dialogue and partnership. In the next steps, we will do the same with community leaders and the population, ensuring that everyone’s participation is the basis of our project,” he said.

Considered an essential input for the transformation of the global steel industry, Green Iron consists of the production of Hot Briquetted Iron (HBI). The technology makes it possible to replace coal-fired furnaces, which are highly polluting, with electric furnaces, capable of reducing carbon dioxide emissions by up to 99%. The use of high-quality iron ore and 100% renewable energy places the project at the frontier of the sector’s energy transition.

The president of CBPM, Henrique Carballal, highlighted the impact of the project for Bahia. “The Green Iron Project places our state at the forefront of the energy transition in the steel industry. It is not just an economic investment, but a strategic step to generate jobs, boost technology and transform a mineral resource into a cutting-edge, sustainable and efficient industrial solution,” he said.

The event, held in the municipality of Piatã, was also attended by the mayor of the municipality, Marcos Paulo; the mayor of Abaíra, Wellington Barbosa; and the mayor of Jussiape, José Luz. Also present were the deputy mayors and councilors of the municipalities; the special advisor to the Civil House, Marcelo Emerenciano; the former federal deputy and state president of Avante, Ronaldo Carletto; and state deputies Júnior Muniz, Niltinho, Fabíola Mansur and Eduardo Salles.

Publication source: CBPM e Brazil Iron apresentam Projeto Ferro Verde para gestores